KUB Malaysia Berhad Annual Report 2021

42. INVESTMENTS IN SUBSIDIARIES (cont’d) Details of the subsidiaries are as follows: (cont’d) % of % of Country of ownership ownership incorporation/ interest and interest and Principal voting power voting power Name of place of held by the held non- subsidiaries business Group** controlling** Principal activities 30.6.2021 31.12.2019 30.6.2021 31.12.2019 % % % % Held through Empirical Systems (M) Sdn Bhd: Credensoft Solutions Malaysia 70 70 30 30 Dormant Sdn Bhd* Held through KUB Agro Holdings Sdn Bhd: KUB Sepadu Sdn Bhd ## Malaysia 60 60 40 40 Cultivation and management of oil palm estates Held through KUB Agro Holdings Sdn Bhd and KUB Sepadu Sdn Bhd: KUB Maju Mill Sdn Bhd Malaysia 66 66 34 34 Processing of palm oil products Held through ITTAR Sdn. Bhd.: ITTAR-IPP (PJ) Malaysia - 100 - - Dormant Sdn Bhd # Held through KUB Development Berhad: Kesina Development Malaysia 100 100 - - Dormant Sdn Bhd* Held through KUB Hotel and Resort Management Sdn Bhd: KUB Singgahsana Malaysia - 100 - - Dormant (PJ) Sdn Bhd # * Audited by firms other than Deloitte PLT ** Equals to the proportion of voting rights held # The subsidiaries have been struck off the Register pursuant to Section 550 of the Companies Act, 2016 in the current financial period ## Winding up petition filed by minority shareholders as disclosed in Note 35(c) ^ The subsidiary was disposed in the current period ^^ Wound up by way of member’s voluntary winding-up in the current period 143 ANNUAL REPORT 2021 FINANCIAL STATEMENTS